On April 28, Treasury requested public comment on a new information collection published in the Federal Register: a proposed survey of anti-money laundering/countering the financing of terrorism (AML/CFT) compliance costs for financial institutions subject to the Bank Secrecy Act. FinCEN will pilot the survey by distributing it exclusively to money services businesses (MSBs) through MSB trade associations, rather than surveying all non-bank financial institutions (NBFIs) in the first instance, on the basis that MSBs represent the largest number of BSA-regulated financial institutions and can provide meaningful data on compliance costs. Treasury stated that the information gathered will help assess the cumulative impact of AML/CFT regulations and may inform efforts to adjust regulatory obligations and advance deregulatory proposals consistent with relevant Trump Administration executive orders. Treasury noted that responses will not be used for supervisory or enforcement purposes, and that, based on the pilot’s results, FinCEN will consider expanding the survey to additional NBFIs either through trade associations or by direct outreach. Comments are due by May 28.